Sentinel Trustee Balks At FTN Bid To Delay Bribery Trial

Law360, Wilmington (June 3, 2011, 2:15 PM EDT) -- Sentinel Management Group Inc.'s bankruptcy trustee on Thursday blasted a bid by FTN Financial Securities Corp. to postpone a bribery trial in Illinois federal court, saying FTN has had plenty of time to conduct discovery to mount its defense.

FTN Financial’s bid to postpone the trial — scheduled to begin Aug. 9 — provides no basis for an open-ended continuance of “at least three months” and is part of a delaying strategy employed by FTN Financial throughout the case, trustee Frederick J. Grede said in a...
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